Two Types of “Rich” One Needs Reform…

The rank and file on the left hates the rich. They hate individuals that have created a product or service that the market has embraced and in turn has made these individuals a financial success. These individuals should be revered in our society but all too often they are demonized for having “too much”.


What is too much? In a capitalistic system the answer is there is no such measurement. But what you find with these “rich” individuals is they often answer that question themselves by their support of charity organizations. America is the most benevolent country in the world because we have the ability to create wealth and choose the way we distribute our individual wealth. The more a government takes the less benevolent the society. Government confiscation of wealth reduces the benevolence of a society.

The people that risk and create businesses that become successful are the engine for jobs, opportunities, and new sources of wealth and should be celebrated. These entrepreneurs are successful in spite of the attempt of the left to hinder their success and the constant threat of stealing their private property.

Then there are the “other rich people” that run large corporations that maintain their wealth by paying off politicians to write laws that protect their market place from competition. The corporate executives that belly up to the federal, state, and local troughs should be the target of reform. There are legitimate organizations that provide services to the government but when you peel back that onion the stink starts to become overwhelming.

Defense contracting is so massive and cumbersome with such a high entry to compete it breeds inefficiency. Large banks and financial institutions are in complete cahoots with government regulators along with car companies, oil and energy companies. The executives that reap massive stock and cash bonuses on the back of the taxpayer must be limited and reformed. The “market” they serve are the taxpayers. And often the process they use to get business at the government level is at best flawed at worst corrupt. Most of these contractors through regulation, contracting rules, and laws become monopolies because of the high cost of entry and cumbersome processes to become a legitimate government contractor.

The people that get rich on our backs are the “rich” that I have little respect for. They are leveraging the political system and manipulating “markets” and ultimately bilking we the taxpayer. The bottom line is that the rich in a free market are different from the rich in a monopolized government “market”.

But even if we took all the wealth from every “rich” person in the country it is not enough to support a welfare state that seems to be the path of this administration. Instead of pulling ourselves up by the boot straps the message today is that we are entitled just because we are Americans to the wealth of others. That is immoral and a cancer in our country.

We need to celebrate private sector entrepreneurs and reform the government contracting process. We are being bilked for billions of dollars by very savvy private sector executives. As the federal sector continues to grow so will the amount of corruption in the private sector trying to secure the tax dollars associated with this growth. It is unsustainable to expect private sector entrepreneurs to support the corruption and waste of this federal scheme of the fox guarding the hen house.

In my past I managed a government contract at the local municipal level. I was always cognizant of what I spent but my equals in the public sector had a saying they often used between each other when they were considering a spending initiative and it speaks for itself; “it’s not your money you know!” The sad thing is it is our money and we are broke…